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Indian IT spending forecast by segment 2019

IT spending forecast in India from 2013 to 2019, by segment (in billion U.S. dollars)

by Statista Research Department, last edited Sep 16, 2019
Indian IT spending forecast by segment 2019 In 2019, the spending in the information technology sector across India was estimated to be around 90 billion U.S. dollars. The south Asian country was the leading sourcing destination across the globe in 2018. The IT-BPM industry contributed almost eight percent to the GDP of the nation in 2017. The industry also generated a revenue close to 180 billion dollars in 2019. Communication services and the devices have been the dominant segments of the IT industry. The IT and ITeS firms of the country have set up over a thousand global delivery centers in about 80 countries globally.
IT-BPM at a glance

The industry has generated maximum employment in the private sector. It also made the country, the leading offshoring destination for global IT companies. Major IT firms in the country like Infosys, Wipro, TCS and Tech Mahindra have diversified options available in blockchain, artificial intelligence, robotics, financial services, cloud computing and much more. Banking and financial services had the largest share of annual contract value in the industry.

Recent trends

Public cloud services have picked up a lot of attention in the recent years in the country. The market for cloud services was value at over a billion dollars in 2016. The market was expected to grow even further in the coming years. Emerging technologies in the sector could provide the nation with an opportunity to surf for a big growth, both in onshore as well as offshore services revenues.
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IT spending forecast in India from 2013 to 2019, by segment (in billion U.S. dollars)

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